19.12.2017 Building permits Nov 2017 : vs 1.27M exp
- Housing starts : 3.3% vs 3.2% exp , prior 13.7%
- Housing starts prior 1.29M, revised to 1.256M
- Building permits prior 1..316M
- Building permits -1.4%, vs -3.1% exp,prior was 7.4%
USD doesn’t move much on the numbers, has been selectively bid vs some majors on the Tax bill vote expectations.
The out-performer of the day is the EURO though which sees pretty decent cross demand since the start of the session.
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Hey K, keeping an eye on 10y yields going through 2.4% … real resistance is here at 2.42% and as of now trying to break it.
I’m a bit long USDCHF 0.9846, EURCHF seems to be bid again on low 1.16s
also short NZDUSD from 0.7016 and small long USDJPY from yesterday at 112.42
EURUSD I could short it later if it fails again below 1.185/6
Hello 5m , sorry late reply, had to run some admin yesterday after this post.
It’s not your typical yearend with one big theme this if you ask me. Euro is in demand, Usd enjoys the high yields vs the risk currencies since geopolitics are quiet and JPy and CHF are the last CB’s to keep the foot on the easing peddle.
I’m still tiny short Cable from 2 days ago right here@ 1.3398 .
I have added a pinch EURGBP and EURUSD long yesterday. Was planning to sell USDJPY above 113 but demand must be pretty decent seen the way it chewed though the exporter offers, I’m holding off for now.
For 2018 I like the long side €, JPY,AUD and short £,TRY, CHF. For the USD I haven’t really made up my mind tbh. It may be case of sailing waves again in between rate hikes and corp reactions to the tax overhaul .